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Dow drops 115 points as S&P 500’s six-day rally ends
GameFi Guides

Dow Jones up 200 points as jobs data outshines trade fears

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U.S. stocks rose on Tuesday as the strong jobs report outweighed the OECD warning on the effects of the trade war.

Strong jobs data has boosted U.S. stocks, reversing earlier declines. On Tuesday, the Dow Jones index rose 0.5% or 209 points, while the S&P 500 gained 0.52%. The tech-heavy Nasdaq rose the most at 0.81%.

Stocks reversed declines from due to positive economic data. The Job Openings and Labor Turnover Survey update revealed that jobs openings rose in April, with 7.39 million new jobs at the month. This was an unexpected result, especially as U.S. “Liberation Day” tariffs took effect.

At the same time, hiring rates rose as well, and the number of available jobs to unemployed workers reached parity at 1. Overall, the report shows that the labor market remains strong. It also sets the stage for the report by the Bureau of Labor Statistics, set to release on Friday.

OECD warns about tariffs effects

Earlier on Tuesday, the OECD lowered its outlook on global growth, citing the effects of U.S. tariffs. According to the Organization for Economic Cooperation and Development, the global economy will grow by 2.9%, lower than the 3.3% last year.

The slowdown will impact the U.S., Canada, Mexico and China in particular, OECD expects. These are the countries most economically tied to U.S., and its major trading partners. At the same time, China is expected to suffer particularly under U.S. tariffs.

The U.S. economy is projected to grow just 1.6% in 2025, compared to 2.8% in 2024. At the same time, the organization warned about the inflationary effects of the tariffs. However, global inflation is expected to drop from last year, from 6.2% to 3.6% in 2025.

Lower commodity prices, largely a result of a slowdown in global demand, will contribute to lower consumer inflation.



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US markets close green as Trump tariff drama muddies outlook
Crypto Trends

Dow gains 214 points, markets end higher as strong labor data eases tariff concerns

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U.S. stocks climbed Tuesday, buoyed by stronger-than-expected labor data and optimism around potential U.S.-China trade talks, which helped offset economic growth warnings from the OECD. 

The Dow Jones Industrial Average rose 214 points, or 0.51%, while the S&P 500 gained 0.58%. The tech-heavy Nasdaq outperformed, rising 0.81%, powered by a rally in chip stocks led by Nvidia

A surprise uptick in April’s job openings, reported in the JOLTS update, reassured investors about labor market resilience even as tariff hikes take hold. Openings rose to 7.39 million, setting a positive tone ahead of Friday’s May jobs report. 

Hiring rates also increased, signaling continued labor market strength despite growing economic uncertainty.

OECD’s growth forecast 

The gains came despite the OECD slashing its 2025 U.S. growth forecast to 1.6% from 2.2%, citing the dampening effect of President Trump’s tariff plans on investment and confidence. Global growth was also revised lower, with trade-policy uncertainty weighing on activity. 

China’s factory sector posted its worst performance since 2022, reflecting the impact of renewed trade tensions.

Markets looked past the gloom, focusing instead on signs that Trump and Chinese President Xi Jinping may speak this week. That possibility, along with indications that Trump may soften some tariff plans, helped fuel a rally in semiconductor stocks. 

Nvidia jumped over 3%, reclaiming its position as the world’s most valuable company, while Broadcom and Micron gained more than 2% and 4%, respectively.

Investors are also watching developments on Trump’s tax-and-spending bill and awaiting second-quarter GDP and earnings data in July. Meanwhile, Robinhood shares rose 5.5% after closing its acquisition of crypto exchange Bitstamp. European stocks also advanced, and U.S. Treasury yields slipped.

While markets remain volatile, Tuesday’s gains reflect cautious optimism that trade tensions may cool and economic momentum can hold through summer.



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bitcoin
GameFi Guides

Bitcoin’s Next Big Buyer? Saylor Points To Bank Of England

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to Michael Saylor, co-founder of Strategy, the Bank of England may soon add Bitcoin to its reserves. He made the comment during Bitcoin 2025 in Las Vegas, where Reform UK’s leader, Nigel Farage, spoke about his party’s new plan.

Farage said Reform UK wants the Bank of England to hold a “Bitcoin digital reserve.” He also introduced a bill that would cut capital gains tax on crypto from 24% to 10%.

Saylor’s View On Bitcoin Reserves

Saylor described Bitcoin as the “ultimate form of capital.” He said investors should think about moving money out of regular currencies and bonds into crypto. His firm, Strategy, has been buying Bitcoin for years.

Bank of England on the Brink… of Buying Bitcoinpic.twitter.com/8mdXj0SZ5l

— Michael Saylor (@saylor) May 30, 2025

Based on reports, US regulators now allow banks to hold and trade crypto. That makes it more likely that big institutions will get involved. If the Bank of England does buy Bitcoin, it would mark a big shift. Central banks usually stick to gold or government bonds. Shifting even a small slice of reserves to Bitcoin could change how people view digital coins.

Image: Blueberry

Reform UK’s Crypto Plan

Reform UK has opened up to crypto donations, making it the first UK party to do so. Farage said banks must not close accounts for people who buy or sell crypto.

He suggested allowing taxpayers to pay tax bills in Bitcoin. The proposed Crypto Assets and Digital Finance Bill would set new rules to protect crypto users and encourage firms to offer crypto services.

BTC is now trading at $104,077. Chart: TradingView

Reform UK’s chairman, Zia Yusuf, said cutting crypto taxes could bring rich entrepreneurs back to Britain. He pointed out that a lot of wealthy people leave for places with lower taxes on digital assets.

Tax Cuts To Attract Entrepreneurs

Reports disclosed that Reform UK wants to drop capital gains tax on crypto from 24% down to 10%. Yusuf said this change could reverse the flow of talent leaving the UK.

If companies see they can keep more profits, they might stay or move here. That could lead to more jobs and more tech start-ups. But critics warn that cutting taxes could leave a hole in government revenue. In turn, the Treasury might have to find money elsewhere or cut services.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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Dow Jones down 200 points as Fed remains cautious, Trump escalatest threats against China
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Dow Jones down 200 points as Fed remains cautious, Trump escalatest threats against China

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U.S. stocks decline despite positive inflation figures, after Trump once again threatened China over trade policy.

Positive inflation figures were not enough to move U.S. stocks higher. On Friday, May 30, the Dow Jones fell 240 points, or 0.57%, while the S&P 500 dropped 60 points, or 1.00%. The tech-heavy Nasdaq suffered the most, losing 307 points, or 1.60%.

Markets were focused on President Donald Trump’s new threats against China’s trade policy. On May 30, Trump accused China of violating its agreement with the U.S., which had recently paused the 145% tariffs on Chinese imports. However, he did not specify what China did to violate the agreement.

“The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!” Trump wrote.

Markets have been nervous over Trump’s trade policy ever since April 2, when Trump unveiled unprecedented tariffs on major U.S. trading partners. Despite a federal court striking down Trump’s tariffs on May 29, the ongoing uncertainty is contributing to a stock market pullback.

Tariffs spook Fed, despite slow inflation

The tariffs are also having a direct effect on Federal Reserve policy. According to a Morgan Stanley analyst, tariffs will certainly have an inflationary effect in the U.S., and the Fed knows this. For this reason, rates will likely remain the same, despite a positive inflation reading.

In April, core inflation rose 2.5%, its best reading since 2021. This is also the metric the Fed prefers to examine when setting monetary policy. Still, while tariffs haven’t yet had a measurable inflationary effect, the consensus remains that this is likely.

What’s more, the Fed has reiterated its wait-and-see approach on numerous occasions since April, when the tariffs took effect. For now, Chair Jerome Powell seems resistant to pressures by the White House to lower interest rates.



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Dow drops 245 points as Fed minutes spooks Wall Street
Crypto Trends

Dow drops 245 points as Fed minutes spooks Wall Street

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U.S. stocks closed lower on Wednesday after the Federal Reserve released the minutes from its May policy meeting.

The Dow Jones Industrial Average lost 0.58%, or 245 points, while the S&P 500 and Nasdaq Composite indices fell 0.56% and 0.51%, respectively. The central bank’s minutes indicated a cautious approach to monetary policy and warned of “difficult tradeoffs” ahead if inflation persists.

“Participants agreed that uncertainty about the economic outlook had increased further, making it appropriate to take a cautious approach until the net economic effects of the array of changes to government policies become clearer,” a CNBC transcript of the minutes read. “Participants noted that the Committee might face difficult tradeoffs if inflation proves to be more persistent while the outlooks for growth and employment weaken.”

In trade talks, U.S. President Donald Trump pushed back against a Financial Times columnist who coined the term “TACO trade,” or Trump Always Chickens Out, a reference to the President’s tendency to delay tariff implementations. Trump said his tactics are part of a negotiation strategy and that trading partners like the European Union are eager to reach deals.

Meanwhile, strong earnings from key retailers signaled that consumer spending remains robust. Shares of Abercrombie & Fitch Co. gained 14% after the company reported strong first-quarter results and guided for full-year net sales growth of 3% to 6%. On the other hand, shares of HP plunged 15% after missing earnings expectations and issuing a disappointing outlook due to “added costs” from tariffs.

Nvidia shares moved higher in extended trading after posting a top- and bottom-line beat. The company reported EPS of 96 cents on revenue of $44.06 billion, topping estimates of 93 cents per share and $43.31 billion. Data center revenue grew 73% year-over-year, though the company missed out on $2.5 billion in sales due to export restrictions on chips bound for China. The gross margin for the quarter was 61%, which would have been 71.3% without the new China-related charges.



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Sui Foundation stays neutral; $162m hack plan up for vote
NFT Gaming

Sui price bullish flag points to a surge to an all-time high

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Sui token remains in a corrective phase after falling 16% from its monthly high, following the recent exploit involving Cetus Protocol.

Sui (SUI), a fast-growing layer-1 network, was trading at $3.50 on Wednesday, continuing to underperform relative to other top cryptocurrencies.

Despite the correction, both technical and fundamental indicators suggest a potential bullish breakout in the coming days. The Sui Foundation has intervened by providing a secured loan to Cetus Protocol to help cover the recent $223 million hack. 

The loan covers the funds that were moved from Cetus to Ethereum (ETH) addresses. Cetus is now calling on the Sui community to vote on whether to approve the release of $162 million in frozen assets.

Sui price may also bounce back as interest in exchange-traded funds rose. 21Shares joined Canary in applying for a spot Sui ETF. Analysts hope that the SEC, under Paul Atkins, will approve most of the applied altcoin ETFs by the end of the year. 

A spot ETF approval would be bullish for Sui, as it would open the door for more sophisticated institutional investors to gain exposure to the asset.

DeFi Llama data shows that the total value locked in Sui has started to recover after last week’s sharp decline. TVL stands at 693 million SUI, up from a low of 584 million. In dollar terms, TVL has risen to $2.47 billion, while the stablecoin market cap has stabilized at $1.02 billion.

Sui price technical analysis

Sui price chart | Source: crypto.news

The daily chart shows that Sui has formed a descending channel following last week’s Cetus hack. This channel appears to be the flag portion of a bullish flag chart pattern, a classic continuation signal.

Price has remained above the 50-day and 100-day exponential moving averages, indicating that bulls still have control. It has also retested the 38.2% Fibonacci retracement level, another positive technical sign.

Given these conditions, SUI is likely to bounce, with an initial target at $4.2648, the monthly high and 23.6% retracement level. A breakout above that level would signal further upside, potentially driving the price toward the all-time high of $5.3735, representing a 50% gain from current levels.



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Dogecoin price chart points to a 285% surge to $0.8630
GameFi Guides

Dogecoin price chart points to a 285% surge to $0.8630

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Dogecoin price remains in a tight range, 53% below its highest point in November, but a forming cup and handle pattern points to an eventual surge to $0.8630 and beyond. 

Dogecoin (DOGE) token was trading at $0.2200 on Sunday, 68% above its lowest level in November. It is still the biggest meme coin in crypto, with over $32 billion in market capitalization. 

Dogecoin price technical analysis points to a rebound

The weekly chart shows that the DOGE price peaked at $0.7390 in 2021 when Elon Musk was pumping it. It then plunged and bottomed at $0.048 in June 2022.

The coin has slowly formed a cup-and-handle pattern whose upper side is at $0.4522, its highest point in November last year and May 2021. 

A C&H pattern has two parts. The cup section has a rounded bottom and horizontal support. The handle section has either a pullback or some consolidation. 

In Dogecoin’s case, the handle part has been a pullback from a high of $0.4522 in November to $0.1295. 

A bullish breakout will happen when the DOGE price rises above the upper side of the cup at $0.4522.

The profit target in a Cup and Handle pattern is determined by measuring the depth of the cup and projecting that same distance upward from the cup’s upper rim. In this case, the cup has a depth of 92%, giving the target price at $0.8630, up by 295% from the current level.

DOGE price chart | Source: crypto.news

Potential catalysts for DOGE price

Dogecoin price rebound has potential catalysts. First, as the chart below shows, there are signs that whales are accumulating the coin. Those holding between 100 million and 1 billion coins now hold 26.5 billion coins, up from 22.8 in January. Similarly, those holding between 10 million and 100 million coins have increased their positions to 23.8 billion.

DOGE whale accumulation | Source: Santiment

The other potential catalyst will be the approval of the four DOGE ETFs by the Securities and Exchange Commission. Companies by Bitwise, Grayscale, 21Shares, and Rex Shares have all applied for these funds.

Finally, Dogecoin price will explode higher if Bitcoin (BTC) continues its strong bull run as many experts, including those from BlackRock, Bitwise, and Ark Invest, have predicted.



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Dogecoin
GameFi Guides

Dogecoin Makes Meaningful Correction: Key Pullback Pattern Points To Looming Rally

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Popular dog-themed meme coin, Dogecoin, may have witnessed a bearish performance in the last few days, but this waning price action could benefit its price dynamics. Technical developments show that the current pullback is a signal of an impending major rally in DOGE’s price.

Bullish Structure Forming On Dogecoin Chart

After a period of bullish performance, Dogecoin’s price experienced a retracement, which led to a correction or consolidation phase. However, recent analysis from Trader Tardigrade, a seasoned crypto analyst and investor, reveals that the correction phase is about to come to an end, and a rally is just around the corner.

In the analysis shared on the X platform, Trader Tardigrade stated that DOGE is gearing up for a major rise as a key technical pattern emerges on the daily chart, a typical sign of a possible uptrend. The meme-inspired cryptocurrency is currently consolidating within this key structure, often associated with trend continuation after cooling off from recent highs.

Specifically, the meme coin has formed a Channel Pullback. Combined with stable support levels and rising market sentiment, this channel formation raises the possibility that DOGE is preparing for a significant rise in the upcoming days.

Looking at the chart, this channel pullback previously appeared between late April and early May. Following a breakout from the pattern, Dogecoin saw a notable rise from $0.17 to $0.25 in less than a week. With the structure reappearing, the expert contends that a breakout, which he believes is inevitable, is likely to trigger a similar upward trend. 

A recurrence of a bullish pattern | Source: Trader Tardigrade on X

Should the breakout mirror the previous scenario, Trader Tardigrade has predicted a surge from current price levels to the $0.265 mark. DOGE’s reclaiming this level in tandem with significant buying pressure might act as a launchpad to a continued rally toward higher targets.

Dogecoin’s bullish signal extends beyond the 1-day chart. In another post, Trader Tardigrade highlighted a growing momentum in the 3-day time frame, which increases the potential for a rebound.

Following his examination of the 3-day chart, the expert found an Expanding Triangle formation, a key reversal pattern after a widening consolidation phase. Given that the market is slowly turning positive, a breakout from the pattern is expected to cause a rally to $0.275 and beyond.

A Remarkable Price Growth For DOGE Incoming

A view of a much larger time frame shows that DOGE’s price is headed for a new all-time high before the ongoing cycle concludes. Trader Tardigrade has underlined the recurrence of a bullish structure that triggered a massive bullish move for the meme coin on the 6-month time frame.

During the 2017 and 2021 cycles, this macro pattern kick-started DOGE’s final rally all the way to its peak in each cycle. While the structure has reemerged, Trader Tardigrade foresees a similar spike that could lead to a cycle top for Dogecoin. The expert chart reveals that the meme coin might reach a top from the $6 level and above.

DOGE trading at $0.22 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Dow drops 115 points as S&P 500’s six-day rally ends
GameFi Guides

Dow drops 115 points as S&P 500’s six-day rally ends

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Wall Street’s momentum stalled Tuesday as investors pulled back from tech stocks and rising bond yields renewed pressure on equities.

The Dow Jones Industrial Average fell 114.83 points, or 0.27%, while the S&P 500 dipped 0.39%, ending a six-day winning streak. 

The Nasdaq Composite slid 0.38% as chipmakers and megacaps retreated, led by losses in Nvidia, AMD, Meta, Apple, and Microsoft. The tech sector was the S&P 500’s worst performer, falling roughly 0.9%.

The pullback follows a five-week rebound that lifted the S&P 500 more than 20% off its April low, driven by optimism around tariff de-escalation following President Trump’s earlier tariff announcement. The index is now about 3% below its all-time high.

“We’ve had the swoon related to tariffs, the furious rally, and now we’re awaiting clarification,” said Bill Northey of U.S. Bank Wealth Management. “It’s optimism without clarity.”

Meanwhile, bond markets added to the unease. The 10-year Treasury yield climbed to 4.48%, while the 30-year briefly topped 5% for the second straight day—its highest since November 2023. 

The rise follows Moody’s decision to downgrade U.S. debt, citing ballooning deficits and rising interest expenses.

Equity valuation challenges

Analysts say yields at or above 4.5% tend to challenge equity valuations. “If the 30-year is breaking out, does that mean the rest of the curve is next?” said Manulife’s Matthew Miskin. 

Morgan Stanley’s Michael Wilson noted that equities have consistently faced valuation pressure when the 10-year yield breaches 4.5%.

Elsewhere, Tesla shares rose 2% after Elon Musk reaffirmed his commitment to remain CEO for at least five more years. On the political front, President Trump failed to win over GOP holdouts on a key tax bill, jeopardizing its passage before Memorial Day.



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